Managers Should Pay Attention To Credit Risk.

Credit risk is the possibility of causing losses to the other party in the current market economy environment when the paction side fails to fulfill its commitments in the paction stipulated by the credit relationship.

In order to improve "investor confidence in the US capital market", the United States passed the Sarbanes act, which means "public company accounting reform and Investor Protection Act".

The first sentence of the bill is "compliance with securities laws to enhance the accuracy and reliability of corporate disclosure, thereby protecting investors and other purposes."

The credit risk arising from financial reporting and information disclosure refers to whether the financial report is true, accurate and complete, whether there is a false record, and whether the off balance sheet and information disclosure is true, timely, misleading statements, whether there are significant omissions and financial losses caused by the failure to disclose according to the regulations and time.

Financial reporting and information disclosure involve the compilation of risks and disclosure risks.

The preparation of risks, including inadequate preparation for the preparation of the statements, incomplete accounting procedures or lack of control, may lead to errors in accounting bookkeeping. The inaccuracy of the inclusion of consolidated statements and incomplete adjustment or merger matters may lead to the risk of untrue and incomplete financial reporting information.

Disclosure

Including the improper disclosure procedure, the internal information of the enterprise is not seriously distorted, irrelevant and untimely.

Financial report is not only a comprehensive summary of the enterprise's financial status, operating results and cash flow, but also an important channel for users of accounting information to understand the financial and accounting information of enterprises.

But the financial report itself has its limitations, such as reflecting only the past business and capital changes of the enterprise, and can not fully reflect the value of the enterprise. Therefore, the disclosure of off balance sheet information is also an important part of understanding the business situation of the enterprise.

From state-owned enterprises to multinational companies, from Tsinghua president's class lecturer to chief financial officer of private enterprises, Zhao Shujie is exposed to various working partners all over the world.

Let her have a different understanding of financial management.

The internal control system of the Sarbanes act must not be absent in any form of enterprise.

It has built a solid dam for risk management of enterprises, which is a more unavoidable task for domestic private enterprises.

Zhao Shujie believes that the authorization and restriction mechanism of shareholders in private enterprises needs to be improved, which is particularly important for the enterprise credit risk prevention mechanism.

Since 2008, the United States

Since then, how to actively promote the comprehensive risk management system based on the new capital accord is also testing whether the organizational structure of risk management in China's domestic enterprises is sound, and whether the operation mechanism of capital, risk and income balance is perfect.

The "three meetings and one level" corporate governance mechanism runs smoothly, and clarifies the risk management responsibilities of board of directors, board of supervisors, shareholders' meeting and top management level, which is conducive to the improvement of supervision mechanism.

Chinese enterprises should not slack off the risk management process of capital, risk and return.

In the era of market economy and environment which is not optimistic at home and abroad, it is not a once and for all thing to record the change of risk.

If you want to effectively predict the risk control, risk records will be taken every once in a while.

Constantly updating the risk assessment can keep pace with risks.

Zhao Shujie, a private enterprise, looks forward to the risk management of China's private enterprises. He can be good at learning from high-quality state-owned enterprises and multinationals, set up his own corporate governance structure, and find out his own management mechanism, and gradually improve it.